Treasury 10-year note yields traded at almost a two-month high before Federal Reserve Chairman Ben Bernanke discusses the economic outlook this week.

"Everyone is holding their breath, waiting for Bernanke and the FOMC minutes," Said Aaron Kohli, an interest-rate strategist BNP Paribas SA. "The focus of the week is going to be on what Bernanke says. We are chopping around in this range."